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Social security in unorganised sector
Why is it in the news ?
- As per the official statement, government will assess the need for social security in unorganised sector.
- Social security is seen as the main attractive feature for applying for government jobs.
More in the news
- social security refers to protection provided by the society to its members against providential mishaps over which a person has no control.
- The State shall make itself responsible for ensuring a minimum standard of material welfare to all its citizens on a basis wide enough to cover all the main contingencies of life.
- In other sense, social security is primarily an instrument of social and economic justice.
- A large number of workers in India that are engaged in the unorganized sector are not covered by labour regulations and social security.
- This dualistic nature of the labour market in India may be a result of the complex and large number of labour laws that make compliance very costly.
- A large majority of the firms are in the unorganized sector.
- By some estimates, India’s informal sector employs approximately 85% of all workers, meaning huge chunk of workers are out of social security net.
Unorganised Sector
- Unorganised firms are those not registered with the government and whose terms of employment are not fixed and regular is considered as unorganised sector.
- In this sector, no government rules and regulations are followed.
- Entry to such sector is quite easy as it does not require any affiliation or registration.
- This sector includes those small size enterprises, workshops where there are low skill and unproductive employment.
- The working hours of workers are not fixed.
Source
Indian Express, NITI Aayog.